Capt Chris - I think the nylon sheath is a good suggestion. It will certainly shed water faster than leather. My current plier sheath is leather and I have to hang it separate from the pliers to dry.

Crutchtip - Interesting point. For clarity, I won't be filleting fish with it but I'd be shocked if it couldn't gut one. For 20 years that I dove and speared fish, a US divers knife and later a Wenoka knife worked just fine. Both were double hilt, were 7 and 6 inches respectively but they each did have a more pronounced point. They also were just 3/16" not 1/4" but gutting a fish is a pretty course process. Are you suggesting the Divers version is more appropriate?